€ 2 950 000

€ 10 068 / sqm

+ VAT

From January 13, 2014 the VAT rate in Cyprus is 19%. However, buyers can purchase a new property with a reduced VAT rate of 5% under the following conditions:

The purchase is made by an individual, not a legal entity.
The buyer is not going to rent out the acquired property.
This will be a primary residence in Cyprus for the buyer, and they do not have any other property in Cyprus acquired with the reduced VAT rate within the last 10 years.

A reduced VAT rate of only 5% is applied to the first 200 m². The remaining area over 200 m² is subject to a 19% tax. These rules only apply to buyers of new developments, while for secondary real estate, VAT is 0%

293m2 Shop in Limassol, Cyprus No. 45527

293 sq.m.

Square

Parameters

Property Description

The building represents a unique blend of downtown working and living. Located at the hub of a vibrant city, the development maintains a sense of privacy that is hard to find in much of today’s Limassol. The ultra-modern building sits comfortably where Limassol’s cultural heart and business centre meet, and is next to the municipal park. Just 400m away is the beach, and every attraction the city has to offer – including fine dining, designer shopping and exciting nightlife – is within easy reach. The building’s modern profile blends into an established neighbourhood – showing that intelligent, creative design can elevate urban lifestyle to new levels. With demand for premium corporate accommodation in Limassol continuing unabated, prestige office spaces are designed to meet the needs of high-profile firms seeking an elite address. And the retail shop in the lobby and mezzanine is sure to become one of Limassol’s destination stores. Levels above the office floors comprise a limited number of elegant apartments arranged to provide views of the park’s treetop canopy to the east and over the old town to the west.

The Project has EPC certificate with "B" Energy Efficiency Rating